CHAPTER 92

AN ACT TO AMEND SECTION 2107, CHAPTER 21, TITLE 14, DELAWARE CODE, RELATING TO LOCAL SCHOOL BONDS AND SECTION 7507, CHAPTER 75, TITLE 29, DELAWARE CODE, RELATING TO LOCAL SCHOOL NOTES BY CHANGING THE MAXIMUM RATES OF INTEREST THAT MAY BE PAID THEREON.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Section 2107, Chapter 21, Title 14, Delaware Code, is hereby amended by striking the words "5% per annum," and inserting in lieu thereof the words "6% per annum."

Section 2. Paragraph (a) of Section 7507, Chapter 75, Title 29, Delaware Code, is hereby amended by striking the words "4% per annum" and inserting in lieu thereof the words "5% per annum."

Approved May 22, 1969.